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Date: 13-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

Further abeyance of Public Notice No 052024 dated 27052024 until 31102024

Issued by Ministry of Commerce and Industry · Directorate General of Foreign Trade

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Executive Summary & Key Takeaways

What it means

  • This gazette notification from the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, further extends the abeyance of Public Notice No. 05/2024 dated May 27, 2024. This public notice initially aimed to modify permissible wastage and Standard Input Output Norms (SIONs) for gold, platinum, and silver content in exported items.
  • The abeyance is in response to representations from the Gem & Jewellery Export Promotion Council (GJEPC).

Key Changes

  • Public Notice No. 05/2024, which modified wastage and SIONs for precious metals in exports, is further kept in abeyance until October 31, 2024.
  • The abeyance has been extended multiple times: initially until July 31, 2024 (PN 06/2024), then August 31, 2024 (PN 16/2024-2025), and now to October 31, 2024.
  • For the interim period, the wastage norms revert to those specified in Paragraph 4.59 of the Handbook of Procedures 2023, and SIONs M1 to M7 remain as they were before the issuance of Public Notice No. 05/2024.

Impact Analysis

Impact on Exporters

  • The continued abeyance avoids potential disruptions caused by the implementation of the new norms.

Impact on the Gem & Jewellery Export Promotion Council (GJEPC)

  • This suggests a successful advocacy effort by the GJEPC to address concerns related to the proposed changes.

Impact on Government

  • The delay allows for further consultation and consideration of industry feedback.

Suggested Action Items

  • The government should consider establishing a more transparent and timely process for reviewing and implementing changes to trade policies.

Key Entities Referenced

Directorate General of Foreign Trade (DGFT): The issuing authority of the gazette notification; responsible for regulating foreign trade in India. Ministry of Commerce and Industry: The parent ministry under which the DGFT operates. Gem & Jewellery Export Promotion Council (GJEPC): An industry body that represented concerns regarding Public Notice No. 05/2024. Foreign Trade Policy 2023: The policy under which the DGFT exercises its powers (Paragraphs 1.03 and 2.04). Handbook of Procedures 2023: A document containing procedural details relevant to foreign trade, referenced in the notification (Paragraph 4.59). Public Notice No. 05/2024: The original public notice that modified wastage and SION norms, now in abeyance. Public Notice No. 06/2024: The public notice that initially extended the abeyance of PN 05/2024. Public Notice No. 16/2024-2025: The public notice that further extended the abeyance of PN 05/2024. Public Notice No. 20/2024-2025: The public notice that further extended the abeyance of PN 05/2024 to September 15, 2024.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-13092024-257152 xxxGIDHxxx CG-DL-E-13092024-257152 xxxGIDExxx असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 251] नई दिल्ली, िुक्रवार, जसतम्ब र 13, 2024/भाद्र 22, 1946 No. 251] NEW DELHI, FRIDAY, SEPTEMBER 13, 2024/BHADRA 22, 1946 ubZ fnYYkh] 12 flrEcj] 2024 tcfd fnukda 27-05-2024 dh lkoZtfud lwpuk la- 05@2024 dks fu;krZ en eas lksuk@IysfVue@pkanh lkexzh ds lanHkZ eas vuqer ;kXs ; Nhtu vkSj ekUkd fufof"V mRiknu ekunaM dk s la'kkfs/kr djus ds fy, tkjh fd;k x;k FkkA rFkkfi] jRu vkSj vkHkw"k.k fu;kZr laoZ/ku ifj"kn ¼thtsbZihlh½ ds vH;konsu dk s /;ku es a j[krs g,q fnukad 27-05-2024 dh lkoZtfud lwpuk la- 05@2024 dks fnukda 28-05-2024 dh lkoZtfud lwpuk la- 06@2024 }kjk 31-07-2024 rd izkLFkfxr fd;k x;k Fkk] ftls fnukda 29-07-2024 dh lkoZtfud lwpuk l-a 16@2024&25 }kjk fQj 31-08-2024 rd izLFkkfxr fd;k x;k Fkk] ftldks 29-08-2024 dh lkoZtfud lwpuk la[;k 20@2024&2025 }kjk fQj ls 15-09-2024 rd izkLFkkfxr fd;k x;k FkkA 2- rnuqlkj] le;≤ ij ;Fkk la'kksf/kr fons'k O;kikj uhfr 2023 ds iSjk 1-03 vkSj 2-04 ds rgr iznÙk 'kfDr;ks a dk iz;kxs djrs gq, egkfuns'kd] fons'k O;kikj ,rn~}kjk fnukda 27-05-2024 dh lkoZtfud 5894 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] lwpuk la- 05@2024 dks vkx s 31 vDrwcj] 2024 rd dh vof/k ds fy, izkLFkfxr djrs gSaA varfje vof/k gsrq] mDr lkoZtfud lwpuk la- 05@2024 fnukad 27-05-2024 ds tkjh gksus ls iwoZ ;Fkk fo|eku izfØ;k iqLrd 2023 ds iSjk 4-59 ds rgr Nhtu ekunMa vkSj flvkus ,e1 ls ,e7 rd dk s cgky fd;k x;k gSA fnukad 27-05-2024 dh lkoZtfud lwpuk la- 05@2024 dk s 31 vDrwcj 2024 rd izkLFkfxr j[kk tkrk gSA lark"s k dqekj lkjaxh] egkfuns'kd] fons'k O;kikj ,oa insu vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) PUBLIC NOTICE New Delhi, the 12th September, 2024 No. 23/2024-25 Subject: Further abeyance of Public Notice No. 05/2024 dated 27.05.2024 until 31.10.2024. F. No. 01/94/180/104/AM24/PC-4.—Whereas Public Notice No. 05/2024 dated 27.05.2024 had been issued to modify the wastage permissible and Standard Input Output Norms with reference to Gold/Platinum/Silver content in export item. However, keeping in view the representation of the Gem & Jewellery Export Promotion Council (GJEPC), Public Notice No. 05/2024 dated 27.05.2024 had been kept in abeyance till 31.07.2024 vide Public Notice No. 06/2024 dated 28.05.2024 and had been kept in abeyance till 31.08.2024 vide Public Notice No. 16/2024-2025 dated 29.07.2024 which had been further kept in abeyance till 15.09.2024 vide Public Notice No. 20/2024-2025 dated 29.08.2024. 2. Accordingly, DGFT in exercise of powers conferred under Paragraph 1.03 and 2.04 of the Foreign Trade Policy 2023 as amended from time to time hereby places the Public Notice No. 05/2024 dated 27.05.2024 in abeyance for a further period up to 31st of October, 2024. For the interim period, wastage norms under Para 4.59 of Handbook of Procedures 2023 and SIONs M1 to M7 as existed prior to issuance of the said Public Notice No. 05/2024 dated 27.05.2024 stand restored. Effect of the Public Notice: Public Notice No. 05/2024 dated 27.05.2024 is kept in abeyance till 31st of October, 2024 . SANTOSH KUMAR SARANGI, Director General of Foreign Trade, Ex-officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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